Trade turnover between Kazakhstan and Azerbaijan grew by US $3 million last year

Trade turnover between Kazakhstan and Azerbaijan grew by US$3 million last year. Economic cooperation is developing in industries like energy and agriculture. Today, the 700 Azerbaijani companies work in Kazakhstan. After the modernization of the ports and launch of new railway branches between the two countries, the cargo flow has significantly increased. The next stage of development is the study of promising energy projects. 


 - Our countries have great potential in the field of trade in energy, transport and agriculture. Recently, Kazakhstan and Azerbaijan have adopted a road map which will further strengthen the trade and economic ties.

The adopted ‘Road Map for 2018-2020’ serves as the driver for the mutually beneficial cooperation between the countries. According to the Azerbaijani officials, in 2017 the trade turnover between Kazakhstan and Azerbaijan amounted to US$127 million, and in 2016 this figure was estimated at over US$124 million. Kazakhstan consolidated its positions and entered the top five CIS countries on the export of goods to Azerbaijan.   


 - Political and economic relations between our countries have always been at a high level. In recent years, especially, the economic ties have been expanded. Kazakhstan transported its oil via the Baku-Tbilisi-Ceyhan pipeline. Negotiations on the transportation of the Kazakh gas through Azerbaijan’s territory are underway.

The strategic plans of the two states are grand. Depending on the increase in oil and gas production, the states will develop more freight routes. The team of experts will determine the competitiveness of the export goods. Kazakhstan intends to supply chemical raw materials, grain, tobacco products and electrical equipment to Azerbaijan.